Knowledge Base Tag: Bidding Process

  1. Is this a true proxy bid system, or do I need to keep pressing the bid button once the vehicle goes live?
  2. How do you participate in a live auction after bidding on a vehicle?
  3. How long will it take for my bid to be approved?
  4. If I bid $100 and no one else bids, do I get it for $100, or does the seller have to approve the bid?
  5. Why can’t I bid on some cars even though I have a deposit?
  6. How do I delete a bid?
  7. Can an auction be canceled if the final bid is low?
  8. If I bid and don’t win, how much money am I out?
  9. What is the maximum total sale price?
  10. How do I cancel my bids/order?
  11. How long does the auction last, and when will I know if I won the bid?
  12. Has RideSafely’s bidding concluded?
  13. Bidding Limit – How do I establish it?
  14. Can you bid below the Buy It Now price and win the auction?
  15. Do all cars have a hidden reserve? I could be the highest bidder and still not win.
  16. Why was my highest bid not approved?
  17. When do preliminary bids need to be submitted to participate in the auction?
  18. What is the process after I win the bid?
  19. Can I bid beyond my desired bid limit while the auction is in progress?
  20. When does the auction take place after preliminary bidding has closed?
  21. Is the preliminary bid or closed bid the final price, or is there more bidding involved?
  22. What does “Current Bid: Auction Preliminary Bid” mean?
  23. Do you send email notifications if the final bid is accepted?
  24. Does my prebid stay until auction time?
  25. How long do I have to make the final bid if I am the winning bidder?
  26. How can I know if I am the highest bidder?
  27. Can RideSafely place bids at the Dallas IAAI Auction on my behalf?
  28. I was the leading bidder in a live auction (indicated by “Your BID” in green), but I didn’t win. Why not?
  29. How soon can I bid after making a deposit?
  30. Does the customer or the affiliated dealer place the bid?
  31. What happens to the deposit if no bids are won on that day?
  32. How do I start getting ready to bid?
  33. How does RideSafely’s process work for Copart, IAA, and other auctions?
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